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| 1400 Crystal Drive, Crystal City submarket of Arlington, VA |
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| Cary Abod |
WASHINGTON, D.C. – September 28, 2016 –
Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged
refinancing for 1400 Crystal Drive, a newly-renovated, 308,898-square-foot,
trophy office building in the Crystal City submarket of Arlington, Virginia.
HFF worked on behalf of an
affiliate of Lowe Enterprises Investors to place the floating-rate loan with
KKR Financial. Loan proceeds will be
used to retire existing financing that HFF secured in 2013, and provide good
news funding for lease-up.
Renovated in 2013, 1400
Crystal is the premier office building in Crystal City offering 30’ x 30’
column spacing for open plan buildouts, and floor-to-ceiling glass providing
expansive views of Washington, D.C. and the Potomac River.
Tenants enjoy a full amenity package including
a fitness center, rooftop terrace, conference center and a club room with flat
screen TVs, a foosball table and various electronic games.
Located in the heart of Crystal City, 1400 Crystal
has direct access to the D.C. Metrorail system and is less than a half-mile
from Ronald Reagan National Airport, two miles from the Pentagon, and less than
three miles from downtown Washington, D.C.
The HFF debt placement
team representing the borrower was led by managing director Cary Abod and associate director Robert Carey.
“The borrower has signed
leases with 11 tenants since completing the renovation, including seven
different association groups and a host of private-sector businesses,” said
Abod. “Tenants have elected to lease at
1400 Crystal for the features that make it the top building in Crystal City:
best-in-class tenant build-outs, unrivaled views and the array of amenities.”
For a complete copy or the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct:
617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
krmurphy@hfflp.com
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